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Sky News
UK growth slows as consumer spending weakness and supply issues hit recovery
Britain’s economic growth slowed in the third quarter as weak consumer spending and supply chain issues put the brakes on the recovery, according to official figures.The pound fell below $1.34 to hit its lowest level against the US dollar since last December after gross domestic product (GDP) expanded by a slightly weaker than expected 1.3%, …
Business
Sky News
Elon Musk sells Tesla stock worth $5bn after promising to abide by Twitter poll
Elon Musk has sold shares in his company worth $5bn (£3.73bn) after promising to abide by a Twitter poll.The Tesla chief executive had asked his followers whether he should sell 10% of his holdings and 57.9% of the voters supported the sale. Musk said: “I was prepared to accept either outcome.”The money generated from the …
Business
Evening Standard
Zilch: London buy now, pay later startup scores $2bn valuation and plans US rollout
London-headquartered buy now, pay later fintech Zilch has quadrupled its valuation within just eight months to reach “double unicorn” status. A unicorn is a tech firm valued at $1billion or more. On Wednesday Zilch revealed it has raised $110 million in a Series C funding round that values the startup at $2 billion – four …
Business
Sky News
US inflation hits highest level since 1990 as food and fuel prices surge
The annual rate of inflation in the US has hit its highest level in more than three decades, fed by faster than expected rises in the cost of fuel and food.The headline consumer prices measure rose to 6.2% in October – a level not seen since 1990 – after a 0.9% surge on the previous …
Business
Evening Standard
Challenged: Why old school banks might fend off the new tech lenders
In theory, a new breed of “challenger” bank is going to shake-up the staid old industry. Is going to wow us all with technology, eating the lunch of Barclays, NatWest et al along the way.Banks with whizzy names – Monzo, Tide – will show the tired old lenders how to do it in the digital …
Business
Sky News
Activist fund Gatemore builds stake in furniture chain DFS
A serial activist investor in listed British retailers has turned its attention to DFS, the furniture chain, amid predictions that it could be a takeover target for private equity funds.Sky News has learnt that Gatemore Capital Management notified its fund investors last month that it had begun building a stake in DFS, which has yet …
Business
Business Weekly
Carbon Offsetting – an important tool that needs some sharpening?
The Cambridge English Dictionary defines ‘Carbon Offsetting’ as “the activity of trying to stop the damage caused by activities that produce carbon by doing other things to reduce it, such as planting trees.” A simple enough concept, but one that in practice seems to divide opinions in the way that it is being implemented, writes …
Business
Euro News
Reddit co-founder announces €86 million investment in social media on Solana blockchain
Business
Sky News
Halfords sees supply chain issues start to ease – after cycling sales fall 25%
Halfords has said supply chain problems are starting to ease after they led to a 25% fall in cycling sales.The group said the availability of bikes had been “lower than we would like” in spring and later deteriorated further, meaning demand was outstripping supply in some categories for most of the first half of its …
Business
Business Live
North Wales town bucks high street trend with 50 businesses opening or expanding
Mold continues to go from strength to strength and buck national retail trends. The town centre has seen more than 50 businesses open or expand in the past two years. And as the area readies itself for the Christmas shopping season, town councillors are proudly reflecting on a vacancy rate of just 5.8% – far …
Business
Evening Standard
Halfords lifts profits outlook as CEO says bike retailer’s ‘strategic transformations are landing’
Halfords saw shares surge as much as 13% this morning after the bike retailer upgraded full-year profits forecasts and said its supply chain struggles are “beginning to ease”.The listed firm, which also sells car parts and does repairs, forecast underlying profits of £80 – £90 million, up from previous guidance of above £75 million. It …
Business
Business Live
Plan to reduce train emissions in North with battery trial on Transpennine route
Trains in the North could reduce their emissions if a trial to retrofit batteries proves successful. Transpennine Express is working with Hitachi Rail and Angel Trains to install battery technology trains used across the North with the aim of cutting carbon emissions by at least 20%. In the trial, Transpennine’s Nova 1 fleet of 19 …

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